MCO FY 2024 Earnings Report — Moody's Corporation Revenue & Financial Results | Market Cap Arena

Moody's CorporationMCO

FY 2024 Earnings

Reported February 14, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$7.1B	—	$5.9B	—	19.8%
Op. Income	$3.0B	—	$2.2B	—	33.8%
Gross Margin	66.4%	—	65.1%	—	1.3pp
Net Margin	29.0%	—	27.2%	—	1.9pp
EPS (Diluted)	$11.26	—	$8.73	—	29.0%
Free Cash Flow	$2.5B	—	$1.9B	—	34.1%

Revenue Flow

Item	Amount
REVENUE	$7.1B
Cost of Revenue	$2.4B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.7B
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$4.1B
OPERATING INCOME	$3.0B
Interest Income	$102M
Interest Expense	$204M
Other Income/Expenses	-$272M
INCOME BEFORE TAX	$2.7B
Income Tax Expense	$640M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$431M
EBIT	$2.9B
EBITDA	$3.3B
EPS	$11
EPS Diluted	$11

Income Statement

Item	Amount
REVENUE	$7.1B
Cost of Revenue	$2.4B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.7B
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$4.1B
OPERATING INCOME	$3.0B
Interest Income	$102M
Interest Expense	$204M
Other Income/Expenses	-$272M
INCOME BEFORE TAX	$2.7B
Income Tax Expense	$640M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$431M
EBIT	$2.9B
EBITDA	$3.3B
EPS	$11
EPS Diluted	$11

Cash Flow Statement

Item	Amount
Net Income	$2.1B
Depreciation & Amortization	$431M
Stock-Based Compensation	$0
Deferred Income Tax	-$62M
Other Non-Cash Items	$261M
Change in Working Capital	$150M
OPERATING CASH FLOW	$2.8B
Capital Expenditure	-$317M
Acquisitions (Net)	-$221M
Purchases of Investments	-$655M
Sales/Maturities of Investments	$137M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$491M
Common Stock Repurchased	-$1.4B
Common Dividends Paid	-$620M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$2.5B
Net Change in Cash	$278M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$566M
Net Receivables	$1.9B
Inventory	$0
Other Current Assets	$47M
TOTAL CURRENT ASSETS	$5.2B
PP&E (Net)	$872M
Goodwill	$6.0B
Intangible Assets	$1.9B
Long-Term Investments	$636M
Tax Assets	$293M
Other Non-Current Assets	$661M
TOTAL NON-CURRENT ASSETS	$10.3B
TOTAL ASSETS	$15.5B
Account Payables	$53M
Short-Term Debt	$697M
Deferred Revenue	$1.6B
Other Current Liabilities	$409M
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$6.7B
Deferred Revenue NC	$57M
Deferred Tax Liabilities	$449M
Other Non-Current Liabilities	$728M
TOTAL NON-CURRENT LIABILITIES	$8.2B
TOTAL LIABILITIES	$11.8B
Common Stock	$3M
Additional Paid-In Capital	$1.5B
Retained Earnings	$16.1B
Treasury Stock	-$13.3B
Accum. Other Comp. Income	-$638M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.6B
Minority Interest	$162M
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$15.5B
Total Debt	$7.7B
Net Debt	$5.3B